Advanced Driver-Assistance Systems ADAS Market: Industry Analysis Trends and Forecast By 2029

An international  Advanced Driver-Assistance Systems ADAS market analysis report brings into focus the key market dynamics of the sector. A range of definitions and classification of the Automotive industry, applications of the Automotive industry and chain structure are given in the report. This market report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin.  Advanced Driver-Assistance Systems ADAS market is supposed to rise during the forecast period due to growing demand at the end user level. The data and insights from  Advanced Driver-Assistance Systems ADAS marketing report suggest that new highs will take place in the market in 2021-2028.  

Data Bridge Market Research analyses that the advanced driver-assistance systems (ADAS) market was valued at USD 23.74 billion in 2021 and is expected to reach the value of USD 114.16 billion by 2029, at a CAGR of 21.69% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Browse Full Report Along With Facts and Figures @ t https://www.databridgemarketresearch.com/reports/global-advanced-driver-assistance-systems-adas-market 

 Market Overview:

ADAS (Advanced Driver Assistance Systems) are passive and active safety systems designed to eliminate human error when operating various types of vehicles. ADAS systems employ advanced technologies to assist drivers while driving and thus improve driver performance. ADAS employs a variety of sensor technologies to perceive the environment around the vehicle and then either provide information to the driver or take action as needed. Today, ADAS systems are used in automobiles, trucks, and buses, as well as farming, construction, and military vehicles.

COVID-19 Impact on Advanced Driver-Assistance Systems (ADAS) Market

Major automakers have halted production in infected areas due to the novel coronavirus. Furthermore, the decline in vehicle demand, combined with issues with auto component supply, has caused original equipment manufacturers to phase out production in major facilities. The majority of original equipment manufacturers have responded by suspending production until further notice. With the overall effects of the pandemic and the drop in global oil prices, investment shrank dramatically, particularly in the energy sector. Export growth has also slowed significantly. The industry, however, is expected to recover in the coming days.

Furthermore, major global ADAS solution providers such as Continental AG and Robert Bosch announced production suspensions due to low demand and supply chain disruption. Furthermore, several other manufacturers saw a decline in their first-quarter financial results for the year 2020, and because the resumption of vehicle production was not in the near future due to the severity of the pandemic, revenue declined in other quarters of the year as well.

Some of the major players operating in the advanced driver-assistance systems (ADAS) market are:

• Robert Bosch GmbH (Germany)
• Continental AG (Germany)
• Aptiv (U.S.)
• Lear Corporation (U.S.)
• DENSO CORPORATION (Japan)
• Texas Instruments Incorporated (U.S.)
• Renesas Electronics Corporation (Japan)
• HELLA GmbH & Co. KG. (Germany)
• Visteon Corporation (U.S.)
• ST Microelectronics (Switzerland)
• Infineon Technologies AG (Germany)
• Mitsubishi Electric Corporation (Japan)
• Panasonic Corporation (Japan)
• ROHM Co. LTD. (Japan).
• MAXIM Integrated (U.S.)

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